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  • A6 - Mathematical Approach To Elasticity

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    MOIN UDDIN AHMED
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    This document contains a student's comments and analysis of price elasticity of demand calculations using two different methods - the arc method and the midpoint method. It shows the price elasticity calculations between two points, A and B, for each method. The student explains that the arc method produces different elasticity results when moving between points A and B, while the midpoint method produces the same results, because the arc method uses the previous point in its calculation while the midpoint method also uses the previous point.

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    This document contains a student's comments and analysis of price elasticity of demand calculations using two different methods - the arc method and the midpoint method. It shows the price elasticity calculations between two points, A and B, for each method. The student explains that the arc method produces different elasticity results when moving between points A and B, while the midpoint method produces the same results, because the arc method uses the previous point in its calculation while the midpoint method also uses the previous point.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    12 views1 page

    A6 - Mathematical Approach To Elasticity

    Uploaded by

    MOIN UDDIN AHMED
    This document contains a student's comments and analysis of price elasticity of demand calculations using two different methods - the arc method and the midpoint method. It shows the price elasticity calculations between two points, A and B, for each method. The student explains that the arc method produces different elasticity results when moving between points A and B, while the midpoint method produces the same results, because the arc method uses the previous point in its calculation while the midpoint method also uses the previous point.

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    © All Rights Reserved
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    of 1

    Student Name: Moin Uddin Ahmed Student ID: 11925

    Final Comments:

    (A5 – from point A to point B) & (A6– from point B to point A)

    Method 1 Method 2
    Point A to B 2 2
    (A5)
    B to A 2.7 2.7
    (A6)
    Arc/A A to B 0.47 0.47
    vg. (A5)
    B to A 2.3 2.3
    (A6)

    01) When we are moving pint A to B by using arc method for the price elastic city of demand is
    2 on the other hand when we found price elastic city of demand from point b to a is 2.7 it means
    that when we move point from A to B or B to different answers by arc method the reason behind
    that it arc method we find price elastic city of demand of previous point so in both cases the
    previous point is change that’s why the answer is different

    02) When we are moving pint A to B by using point method for the price elastic city of demand
    is 2 on the other hand when we found price elastic city of demand from point b to a is 2.7 it
    means that when we move point from A to B or B to A same answers by mid-point method the
    reason behind that it midpoint method we find price elastic city of demand of previous point so
    both cases the previous point is change that’s why the answer is same

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